AI for Accounting and Finance Blog

The Future of Outsourced Accounting and Accounting Technology

Posted by Rachel Schwartz on May 13, 2020 7:30:00 AM

Accounting Automation is Accelerating from 0-60

Even before COVID-19, the accounting industry was already on track to change more in the next 12 months than in the previous 12 years. Automation driven by artificial intelligence (AI) and machine learning (ML) is completely disrupting how accounting firms market and deliver their services

At a recent Vic.ai webinar, we asked the question: How important is accounting automation to the future of your firm? We found that 88% of attendees said automation is hugely important to their firm's future. However, historically clients have looked for accounting firms with a local or regional presence.

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Topics: Accounting, State of Client Accounting Services, Outsourced CFO

[Podcast] Outsourced CFOs on Tech That Works for Them and Their Clients

Posted by Rachel Schwartz on May 6, 2020 7:30:00 AM

Early Growth Financial Services Uses Accounting Automation Bill.com to Help Them Win

Every week, Vic.ai marketing and podcast guru and host Joshua Feinberg talks to industry leaders in the accounting world to get their take on how automation, AI and technology are transforming the profession.

But more than just getting entrepreneurs and executives to talk in sound bites, he does an amazing job of getting them to open up about the hardest part of deploying technology: the specific how to's.

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Topics: Accounting, Artificial Intelligence, State of Client Accounting Services, Outsourced CFO, Bill.com, Podcast

Polling Results: Automated Accounts Payable and Accounting AI has Room to Grow

Posted by Rachel Schwartz on Apr 29, 2020 7:00:00 AM

 

We recently held the webinar “The Future of Outsourced Accounting and Accounting Technology.” This virtual session helped us understand more about how accounting and bookkeeping firms use practical technologies, like automation, Artificial Intelligence (AI), and Machine Learning (ML), to future-proof their practices.

We were able to survey a wide variety of attendees on automated accounts payable challenges that arise from their firm’s degree of tech-savviness. 

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Topics: Accounting, Artificial Intelligence, State of Client Accounting Services

Automation Within Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Nov 20, 2019 8:06:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants if they currently use any kind of rules-based automation (Robotic Process Automation) or if they use any kind of AI-based automation (Artificial Intelligence).

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Topics: State of Client Accounting Services

Top 9 Challenges Within Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Nov 13, 2019 8:50:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we looked at the overall findings from the participant’s responses.

In this article, you’ll learn about crucial qualitative findings uncovered during the survey’s question about what participants find most challenging.

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Topics: State of Client Accounting Services

The Technology Stack for Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Oct 23, 2019 8:06:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants about their technology stack.

Artificial intelligence (AI)-driven automation will completely change and disrupt how accounting firms market and deliver their services. At a recent Vic.ai webinar on automating accounts payable, 88% of attendees polled felt that automation would play a “hugely important role” in their firm's future.

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Topics: State of Client Accounting Services

Other Professional Services Adjacent to Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Oct 9, 2019 8:21:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants about what other outsourced professional services their firms offer.

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Topics: State of Client Accounting Services

Revenue Growth in Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Sep 25, 2019 8:12:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants about how much their CAS/OA revenue grew over the past 12 months.

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Topics: State of Client Accounting Services

How Client Accounting Services (CAS) / Outsourced Accounting (OA) Fits Within Firms [Survey Data]

Posted by Joshua Feinberg on Sep 11, 2019 6:50:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants how their teams fit with the rest of their firms.

In this blog post, you’ll learn what percentage of each firm’s staff is devoted to client accounting / outsourced accounting, what percentage of each firm’s total revenue comes from the team, and how many clients each team has.

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Topics: State of Client Accounting Services

Salary and Job Openings Within Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Aug 28, 2019 8:28:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants about the starting salary for entry-level positions, how many open jobs they’re looking to fill, and how difficult it is to fill entry-level jobs as well as jobs that require multiple years of experience.

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Topics: State of Client Accounting Services

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